Member Info for Bobsto12

It's just the wimps scuttling off with their profits.

I cant see any way this wont be at 30p in a month or so.

absolute nailed on proof the share price is insanely underpriced. it'll be 30p in weeks so long as there are no more **** ups to spook the market.

i've been drip feeding modest amounts for the last few months with the view that i would keep on doing so as long as the price was below 15p.

it's got to 15p rather quicker than i imagined and still seems undervalued but are there going to be anymore of the unexpected **** ups the company seems to be a bit prone to? i

Despite being a long suffering holder of Capita I have started to drip feed small amounts into it.

I'm usually quite disciplined about not adding to poor investments but this is so bombed out the risk seems worth it.

I used to do the share options accounting for a plc and companies simply issue new shares to cover options at the point they vest. It costs the company nothing but dilutes existing shareholders. Companies that have done a share buy back scheme might use some of the shares they have bought back instead of cancelling them but Capita hasn't done any buy back unless I missed something.

I admit I'm probably a little biased but I couldn't see what's changed much from the broker forecasts being bandied around. Its winning contracts making profits if you exclude paper write offs of goodwill and otber one offs. It will never return to the size and value it was but it ant going bust.

I am a long suffering holder ofCapita and I intnd continue to hold on. The company is improving , you can see it in the figures, but Ihis latest false dawn re the share price did make me wonder whether a lot of the turnaround story we have been fed by Capita has been exaggerated and thats why Lewis is scarpering.

I move around doing contract work at large and medium sized companies and several have been the victims of major cyber attacks, they can be far more catastrophic than this one has been for Capita but the companies move on and return to normal.
Even the umbrella company I use to organize my pay got hacked and had to stop operations for weeks. No doubt everyones personal details ended up on the dark web which is why you should use multi factor authentication for everything.

It's not a great situation but it's nothing unusual. Many companies are attacked these days and there is masses of information for sale about all of us on the dark web. My email password has been obtained somehow twice to my knowledge.

Equally important to remember that just because one director didn't agree with aspects of strategy doesn't mean he was right. SMT's long term track record is a far more useful guide.

They voted him out! So they clearly disagreed with him.I'd love to see the minutes of the meeting but sadly they will never be published.

The rest of the directors didn't agree with the one who was let go and he is slinging mud around because he got ousted I guess. A fire sale of unlisted stock to "reduce risk" would be a disaster right now just as it was in the Woodford case.
There is lot of pressure on SMT and its directors now because of interest rates but inflation is falling in the US and the UK.

Its a well known cliche for a reason. If you think markets are always efficient and rationale you are wrong and will miss many opportunities.

As they say markets don't react, they over react.

As they say markets don't react, they over react.

I think the events over the weekend will benefit the large listed banks which are well known to be too big to fail. What company treasurer is going to risk depositing funds with smaller banks where you will be expected to "bail in" to a rescue if it fails and wait months or years to get your funds back?

As the proceeds of the placing are being used to generate growth in earnings via investments and reducing debt I am sure it will prove beneficial.
The share price is down because it might dilute existing earnings per share initially but I think think its a misguided reaction.

This piqued my interest as companies can only pay dividends out of positive distributable reserves not share capital or premium. Vodafone can pay dividends because it has a massive merger reserve created (on the Mannesman acquisition mostly) pre 2004 which is hidden in additional paid in capital. What seems to have happened is that subsequently the massive goodwill and other write offs from these acquisitions went through the profit and loss account creating the massive deficit you can see today in the b/f figures.
As ever with shares its what happens in the future that counts not historic nuances of merger accounting from 20 years ago.

On enquiring why my recent dividend hadn't been reinvested by II it seems most of the latest dividend has been designated as "interest". Seems bizarre to receive interest when you don't have any debt issued by a company.

Of all the disappointing days over the years being a shareholder this is one of the worst. As I have always said the constant deal making is a total distraction from running the business but I have always held on hoping for a turnaround.
Surely Nick Read has to go.